DaVita HealthCare Partners Inc (DVA)
Total asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,140,150 | 11,911,290 | 11,738,650 | 11,665,040 | 11,609,900 | 11,636,980 | 11,626,610 | 11,616,360 | 11,618,800 | 11,580,150 | 11,565,900 | 11,529,370 | 11,550,610 | 11,543,870 | 11,523,880 | 11,486,600 | 11,388,470 | 11,311,010 | 11,254,260 | 11,298,510 |
| Total assets | US$ in thousands | 16,893,600 | 16,928,700 | 16,958,800 | 16,727,800 | 16,928,300 | 16,961,800 | 17,100,600 | 17,087,000 | 17,121,500 | 17,633,900 | 17,810,300 | 17,647,300 | 16,988,500 | 17,046,700 | 19,305,100 | 17,596,300 | 17,311,400 | 17,451,800 | 19,931,000 | 22,605,900 |
| Total asset turnover | 0.72 | 0.70 | 0.69 | 0.70 | 0.69 | 0.69 | 0.68 | 0.68 | 0.68 | 0.66 | 0.65 | 0.65 | 0.68 | 0.68 | 0.60 | 0.65 | 0.66 | 0.65 | 0.56 | 0.50 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,140,150K ÷ $16,893,600K
= 0.72
DaVita Inc's total asset turnover has shown slightly fluctuating trends over the past eight quarters, ranging from 0.68 to 0.72. This ratio reflects how efficiently the company is utilizing its assets to generate revenue. The higher the ratio, the better the company is at generating revenue from its assets.
The average total asset turnover for DaVita Inc during this period is approximately 0.69, suggesting that, on average, the company generates $0.69 in revenue for every $1 of assets it owns. This indicates that the company might not be maximizing its assets' potential to generate revenue efficiently, as it is lower than the industry average.
Investors and analysts should closely monitor DaVita Inc's asset turnover ratio going forward to assess any improvements or weaknesses in the company's asset management and operational efficiency. Additionally, comparing the company's ratio with industry peers could provide further insights into its competitive position.
Peer comparison
Dec 31, 2023